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Friday, August 10, 2007

MercadoLibre Inc. (MELI) IPO Soars

Shares of MercadoLibre Inc. are expected to begin trading Friday after the online trading company's initial public offering priced at $18 per share, the high end of its anticipated price range.

According to regulatory filings with the Securities and Exchange Commission, MercadoLibre had expected the offering, which totals 16.1 million shares, to price between $16 and $18 per share.
The company, which is based in Buenos Aires, Argentina, is selling 2.6 million of the shares and a group of stockholders are offering the remaining 13.5 million shares.
The offering is expected to close on Wednesday.

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posted by Stock Administrator @ 12:14 PM  

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